Aurobindo Pharma arm launches leadership programme at IMTH
Generic drugmaker Aurobindo Pharma, through wholly owned subsidiary Apitoria on Friday, announced the launch of a six-month post-graduation certification in leadership (CLP) programme at the Institute of Management Technology, Hyderabad (IMTH).
A six-month programme, the CLP aims to transform promising professionals into dynamic leaders by equipping them with skills in managing self, teams, business and change. The programme includes 13 days of classroom sessions spread across six modules, delivered through a blend of traditional and modern pedagogies.
Introduction of the Auro Astra - Post-Graduation CLP is the company continued investment on nurturing talent and enabling growth of middle management that connects strategy with execution, Aurobindo Pharma said in a release. 'It is an important step in grooming our middle managers to take on larger responsibilities with confidence and agility,' senior VP-Corporate HR U.N.B. Raju said.
IMT Hyderabad director and professor K.M.Baharul Islam said the CLP is designed to be immersive and practice-oriented.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Time of India
40 minutes ago
- Time of India
Paint companies face profitability challenges amidst high competition
MUMBAI: Investor woes in shares of paints companies may be far from over as the hyper competition in the sector and tepid demand are expected to continue squeezing profitability in the sector. With valuations remaining elevated despite the recent underperformance in the shares, money managers and analysts are less enthusiastic about their prospects in the foreseeable future. So far in 2025, Asian Paints is down 4.2% and Kansai Nerolac has fallen 4.5%. Berger Paints bucked the trend, rising 24%. In comparison, the Nifty 50 is up 6%. Morgan Stanley said this 'de-rating' is not yet done. "While there is consensus on the sell side on growth and ratings, we think the exact extent of a potential de-rating for paint stocks is not yet understood," said the brokerage in a recent note. The apathy for paints shares among investors and analysts is a contrast to the situation three years ago when they were Dalal Street darlings for over a decade. The entry of deep-pocketed players like the Aditya Birla Group into the sector has resulted in companies focussing on fighting for market share, putting pressure on profitability. "The overall competitive intensity will remain high for the next two years," said Aniruddha Kekatpure, head of research at Edelweiss Mutual Fund . "If the new entrant executes better than expected, the stock prices of incumbents will likely continue to languish." The recent declines in paint shares have removed some froth of their valuations, which were considered among the most expensive in the consumer-facing businesses. "While valuations have moderated from their post-COVID highs, they continue to remain elevated amid persistent growth and margin pressures," Vaqarjaved Khan, senior fundamental analyst at Angel One. Khan said the estimated Price to Earnings (P/E) ratio - a popular valuation measure - for most paint companies still hovers around 48-55x, a rich multiple, especially when the growth outlook for FY26 appears clouded.
Indian Express
2 hours ago
- Indian Express
Fiscal and investment credibility, not headline numbers, will drive India's economic growth
Written by Deepanshu Mohan & Ankur Singh Two critical trends have occurred with little discussion or critical reflection. One is the recent data showing inward FDI (Foreign Direct Investment) capital flows reducing, as against the rise observed in outward FDI (capital moving out of the country), which indicates weakening investor confidence and/or low growth in capacity utilisation of existing (or already invested) private capital in key sectors. According to the RBI, India performs well in terms of greenfield FDI (new projects) investments announced during 2024–25, following the US, UK, and France, as the fourth destination most preferred by investors. But what's important is to distinguish 'gross flows' of investment from 'net flows'. As reported and explained, 'Gross flows account only for the FDI that flows into the country. It doesn't take into account the funds that flow out due to foreign companies repatriating funds to their head offices overseas, or foreign investors selling off investments in Indian companies, or Indian companies investing in ventures overseas. Net flows, after accounting for the outward movement of funds, collapsed to just around $400 million in 2024–25, down from over $10 billion the year before.' This is worrying and signals a structural shift in India's FDI-led investment ecosystem. Beyond this trend, Moody's cut the United States' sovereign credit rating on May 16 from AAA to Aa1. The downgrade wasn't in reaction to a crash, a pandemic, or a war. This was also not a sudden moment of fiscal slippage. It was something slower and far more dangerous: the normalisation of fiscal recklessness at the heart of the global monetary order. The timing of this also matters. Unlike the S&P downgrade in 2011, which followed the debt-ceiling standoff, or Fitch's move in 2023 amid post-COVID distortions, Moody's decision came in a year of relative economic calm, at least on the surface. Inflation is easing, unemployment is low, and global markets are more stable than they've been in years. That's what makes the downgrade quietly radical. Under Trump's presidency, the US has doubled down on a mix of tax cuts, tariff wars, and populist spending — all without credible offsets. The so-called One Big Beautiful Bill, heavy on headline-friendly promises like tax exemptions on tips and overtime pay, masks an extraordinary fiscal burden. Independent estimates peg its ten-year cost at over $5 trillion. That's on top of a debt-to-GDP ratio already exceeding 120 per cent. That shift matters for every other country trying to navigate a world built on dollar stability. It matters most for emerging markets like India, which borrow trust before they borrow money. If even the US can lose its fiscal halo, no country is immune from scrutiny. In India, elections have long served as budget announcements. Whether in the corridors of the Centre or on the campaign trail in the states, fiscal responsibility is often the first casualty of political ambition. Loan waivers, free electricity, subsidised gas cylinders, unemployment stipends, direct cash transfers — the list of election-time giveaways has grown longer with each cycle. In recent years, nearly every state election — from Haryana to Jharkhand, Delhi to Maharashtra — has witnessed a scramble among parties to outdo each other in promises of material entitlements: free rides, free water, free laptops. India's general government gross debt stands close to 80 per cent of GDP. Its combined fiscal deficit continues to hover above prudential norms. Yet our politicians treat the budget as an open-ended ledger for electoral engineering, diverting scarce public funds toward short-term voter appeasement rather than long-term nation-building. This erosion becomes all the more dangerous in the context of a shifting global climate — one in which financial markets may no longer be willing to turn a blind eye to fiscal indiscipline, however well-wrapped in democratic legitimacy it may be. Moody's downgrade of the United States marks a turning point. When the world's largest economy, issuer of the global reserve currency and anchor of financial markets, sees its sovereign creditworthiness questioned, it signals a recalibration in how markets view risk. This is not a one-off judgement. It is part of a broader repricing of fiscal credibility — one that should worry emerging economies more than most. With the US downgrade, the club of AAA-rated sovereigns has grown even more exclusive. Germany and Canada, which were long considered models of stability, too are now grappling with their own budget imbalances, prompting speculation that they, too, may soon fall off the list. For India, the implications of this are twofold and urgent. First, it is a reminder that the global financial order no longer offers blanket indulgence to profligacy. Its capital markets remain vulnerable to swings in foreign sentiment, and its monetary policy is constrained by external balances. In such a landscape, credibility must be consistently earned. Second, India's vulnerabilities are institutional. Beneath the headline numbers, what is often ignored is inconsistent tax enforcement, erratic regulatory actions, and delays in judicial and insolvency mechanisms. These are not peripheral issues; they shape how investors price long-term risk. On FDI, behind the headline numbers shared earlier — often denominated in billions of dollars — India has been affected as well. As a share of GDP, net FDI into India peaked at 2.65 per cent in 2009. According to a recent study, other preferred destinations for FDI, such as China or Vietnam, have also seen net FDI as a share of GDP fall in recent years. I have argued earlier that India needs productivism — to borrow from Dani Rodrik's reasoning — and must prioritise the dissemination of productive economic opportunities and investment capital across all sectors and segments of the workforce. This will help utilise effective capital mobility for job creation as well. All this requires a critical shift from fiscal management as a crisis-response to fiscal credibility as the default posture. Markets don't send warnings like this twice. Deepanshu Mohan is Professor of Economics and Dean, IDEAS, Office of InterDisciplinary Studies, Director, Centre for New Economics Studies, Jindal School of Liberal Arts and Humanities. Ankur Singh works at CNES
Time of India
4 hours ago
- Time of India
Soon in Delhi: 20-km signal-free drive to ease travel in key zones
Delhi is poised to get a signal-free flyover corridor with an investment of INR 5000 crore, significantly easing traffic congestion. Approved by NHAI and the central government, this elevated route will revolutionize travel from South Delhi to IGI Airport and Gurugram-Faridabad Road. If all goes as planned, Delhi might soon get a signal-free flyover corridor, which is anticipated to ease traffic congestion in the city. This initiative is in line with the approval from the government, and will see an investment of around INR 5000 crore. Reports add that the National Highways Authority of India (NHAI) and the central government have approved this project, and that this new signal-free flyover will change the way people will travel from South Delhi to IGI Airport and Gurugram–Faridabad Road. This elevated, seamless route promises to revolutionize commuter travel across SouthWest Delhi, NCR. Read more: Delhi on heatwave red alert; rainfall likely from this date Key route highlights The corridor will begin near AIIMS, run along Ring Road through Vasant Kunj's Nelson Mandela Marg, and include a 5 km tunnel linking to the Airport Expressway and Dwarka Expressway. From there, it will extend past Mahipalpur and continue toward Gurgaon and the Faridabad Road—effectively offering a parallel alternative to congested NH48. How will this route help commuters Major commute savings: Travel time from South Delhi to IGI Airport is projected to drop to about 20 minutes—a dramatic cut from current snarls. Traffic decongestion: This corridor is expected to relieve pressure on Ring Road, Outer Ring Road, NH48, and the busy Mehrauli–Gurgaon stretch. The project will be executed by NHAI in collaboration with Delhi's PWD. Final alignment and design—a mix of fully elevated segments and tunnels—will be finalised post-DPR, with detailed bids due by late June. This corridor is a key part of a INR 125,000 crore decongestion strategy for Delhi-NCR. Other planned infrastructure includes tunnels (Sarai Kale Khan–IGI), elevated stretches to Faridabad, multiple interchanges, and upgrades to UER-II, Ashram–Badarpur, and ring roads. Read more: From Bangkok to Brunei: 10 ASEAN capital cities worth the flight With DPR bids being processed, the corridor is expected to break ground later this year and become operational within the next 2–3 years. Once completed, commuters can look forward to signal-free, swift connectivity across major south-West Delhi travel routes. Delhi's new flyover will signal a modern, efficient commuting future. For residents of South Delhi and Gurgaon, it means less time in traffic, more time where it matters, and smoother journeys to the airport and beyond. One step to a healthier you—join Times Health+ Yoga and feel the change
